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Market Oracle FREE Newsletter

Analysis Topic: Consumer Watch

The analysis published under this topic are as follows.

ConsumerWatch

Friday, November 07, 2014

Tesco Empire Strikes Back, £5 off £40 Discount Voucher Spend Explained, Exclusions Warning! / ConsumerWatch / Money Saving

By: Nadeem_Walayat

Tesco, Britain's super market giant that continuous to implode as a consequence of a soaring debt mountain against a collapse in profits, a crisis further compounded by multiple investigations into financial irregularities by the regulator and SFO - Serious Fraud Office, appears to be going for broke by launching back to back £5 off vouchers for £40 spend on your next £40 shop offers in an attempt to reclaim its lost customers from the discount retailers.

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ConsumerWatch

Monday, May 12, 2014

Sheffield House Fire that Killed Family of 5 Caused by Faulty Mobile Charger / ConsumerWatch / Health and Safety

By: N_Walayat

The Sheffield Wake Road house fire that killed a family of 5 including 3 children 2 weeks ago is said by South Yorkshire Police and Fire investigators to have most probably been started by a faulty charging device such as a mobile charger.

South Yorkshire Police stated: "Following a joint investigation, South Yorkshire Police and South Yorkshire Fire and Rescue have found that the most probable cause of the fatal house fire in Wake Road, Nether Edge, Sheffield, was an electrical fault involving a faulty charging device.

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ConsumerWatch

Tuesday, February 25, 2014

Bitcoin Ponzi Scam Crash Update - MTGox Vanishing Act, Who Will be Next ? / ConsumerWatch / Bitcoin

By: Nadeem_Walayat

Holders of the Bitcoin fictional currency remain in a state of denial as MtGox, the worlds largest Bitcoin exchange has effectively gone bust after a fortnight of statements that they would soon resume allowing clients to transfer their funds and bitcoins out of 'Magic the Gathering', instead MTGox has disappeared in a puff of smoke with some estimated 750,000 of customer bitcoins that at the current average market price of $500 (illiquid price) would be worth $375 million.

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ConsumerWatch

Thursday, February 07, 2013

The 10 Greatest Financial Scams in History / ConsumerWatch / Scams

By: Money_Morning

Over the past 40 years, only one new entry has been added to the Federal Bureau of Investigation (FBI) roster of "Top 10" investment scams - the very broad category of "Internet fraud."

The other financial rip-offs listed are merely new versions of tried and true swindles that have been around for decades or more - from Ponzi schemes and pyramid systems to phony stock offerings and commodity cons.

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ConsumerWatch

Thursday, December 06, 2012

Sophisticated Smartphone Hacking: 36 Million Euros Banking Theft / ConsumerWatch / Scams

By: DK_Matai

A sophisticated digital attack involving smart mobile phones has been used to steal 36 million euros or 47 million dollars from corporate and private banking customers across Europe.  The attack appears to have emanated from cybercrime servers in the Ukraine.  Android and Blackberry mobile devices have been specifically targeted, showing that attacks against Android devices are now a growing trend.  A new customised version of the Trojan spyware application "Zeus" called "ZITMO" or "Zeus-In-The-MObile" has been deployed, which security companies have called Eurograbber.  This enables a two-stage Trojan virus attack to progress that spreads from a victim’s Personal Computer or PC to their mobile telephone.  Eurograbber marks the first such case of PC-to-mobile Trojan malware targeted specifically at online banking.  More than 30,000 online banking customers in Germany, Italy, Spain and the Netherlands have been affected by this attack.

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ConsumerWatch

Tuesday, November 20, 2012

Payday Loans the Next Ponzi Subprime Debt Bubble to Implode? / ConsumerWatch / Debt & Loans

By: Nadeem_Walayat

The Office of Fair Trading some several years behind the curve has finally announced an investigation into the aggressive debt collection practices of the largely unregulated payday loans industry that has mushroomed over the past 4 years to stand at over 240 providers, all competing against one another to increasingly lend money to those that cannot afford to repay the loans in what appears to be a classic Ponzi scheme-esk structure where loans are usually given to individuals without any background checks that are increasingly for the purpose of repaying loans taken out from other payday lenders, and then again and again which means that payday lenders are effectively paying one another resulting in what is a growing Ponzi pyramid primed for collapse.

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ConsumerWatch

Friday, November 09, 2012

The Dirty Little Secret Behind Wal-Mart's Bluebird Cards / ConsumerWatch / Debt & Loans

By: Money_Morning

Best Financial Markets Analysis ArticleShah Gilani writes: Here's something else that's got the potential to undermine our financial future...

It's about those prepaid cards, and the games that are being played with them that you may not know about.

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ConsumerWatch

Saturday, August 04, 2012

Lessons From the Full Tilt Ponzi / ConsumerWatch / Scams

By: Ashvin_Pandurangi

Best Financial Markets Analysis ArticleIn the midst of the Eurozone crisis and corporate bankruptcy scandals such as MF Global last year, a smaller-scale yet meaningful scandal went relatively unnoticed. This scandal erupted on what poker players now call "Black Friday" - April 15, 2011. That was the day when U.S. federal authorities unsealed indictments, seized the domains and assets of the three most popular online poker sites - Full Tilt Poker, PokerStars and the Cereus network (Absolute Poker) - and arrested the owners. Hundreds of thousands of U.S. poker players were locked out of their online accounts and separated from their funds.

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ConsumerWatch

Thursday, July 19, 2012

Boots Opticians Having Problems Digesting D&A? Discount Voucher and Review / ConsumerWatch / Healthcare Sector

By: N_Walayat

Following my recent vision problem for some 15 minutes whilst at Manchester Airport, I had no choice but to bite the bullet and visit my local GP (ecclesall medical centre). Whilst my expectations were already low, they still managed to disappoint, seems like the reception staff are trained to so their best to obstruct patients, but that's for another article, the long and short of it was I had to go and see an optician (at my own expense) with a scrap of paper from the Doc to determine if there was a problem with my eyes or not.

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ConsumerWatch

Tuesday, April 17, 2012

Furniture123 Customer Review - Bargain Home Furniture or Potential Nightmare? / ConsumerWatch / Shopping

By: N_Walayat

The UK based online furniture store, Furniture123.com / Furniture123.co.uk purports to "make our customer's lives easy (as easy as 123!)", however the sales pitch may not live up to real customer experience:

For example I ordered a Basel Oak Dining Table from Furniture123 on 8th of Feb 2012, the first warning bell rang when the company failed to send an email acknowledging the order and delivery.

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ConsumerWatch

Thursday, January 26, 2012

My Horrific Experiences With Sony Customer Support, Laptop Product Service Review / ConsumerWatch / Resources & Reviews

By: Mike_Shedlock

Best Financial Markets Analysis ArticleMy Horrific EI have a Sony laptop computer. It is less than a year old. It was not cheap. I bought the best components, memory and hardware components options available including 3-year in home support.

A couple of months ago the monitor developed a problem (a line of dead pixels down the entire length of the screen). I knew it was a hardware failure because I run a dual monitor setup and the line did not appear on the second screen.

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ConsumerWatch

Tuesday, January 11, 2011

Aussie Dollar and Euro Under Pressure / ConsumerWatch / Forex Trading

By: Bari_Baig

Rains might have only fallen in Australia but Aussie Dollar and Euro both are feeling the pressure: rains might have stopped but to put a finger on to the extent of damage these rains have done is far from within sight. Brisbane got few inches of rain even now and few areas were given evacuation warnings nevertheless, as a whole the worst seems to have past now. The Aussie Dollar which only on the last day of 2010 posted the highest high ever recorded has been hit as badly as the floods have hit Queensland. We wrote in our Jan 4th newsletter that

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ConsumerWatch

Tuesday, November 23, 2010

The Cadmium Curse of Coca-Cola / ConsumerWatch / Corporate News

By: Pravda

Coca-Cola is withdrawing 22,000 collectible glasses from the US market. The paint, which the world's larges producer of soft drinks used for its glasses, contained toxic cadmium. The concentration of the cancerous substance is very insignificant; it does not pose any danger to consumers, company officials claim.

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ConsumerWatch

Wednesday, November 17, 2010

Buyers Warning on O2 HTC HD7, HD3 Windows 7 Smartphone's / ConsumerWatch / Technology

By: Nadeem_Walayat

Best Financial Markets Analysis ArticleUK smartphone users have been eagerly awaiting to switch to the updated Windows Smartphone platform following the release of Microsoft's Windows 7 mobile O/S on 21st October, which had been accompanied by the announcement of HTC updating the the HD2 handset to HD3, which as the below spec's illustrates implied a quantum leap from the HD2 to the HD3.

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ConsumerWatch

Friday, November 12, 2010

British Gas (Centrica) Making Monopoly Rip off Profits with New Energy Price Hikes / ConsumerWatch / Household Bills

By: Nadeem_Walayat

Best Financial Markets Analysis ArticleBritish Gas (owned by Centrica) paid propagandists have been busy making appearances on the mainstream broadcast media with misinformation to try and persuade its 9 million retail gas and electricity customers that the announced price hike of 7% from 10th December is justified, when the facts are that British Gas is ripping off its customers by making near monopoly profits as evidenced by a 98% rise in gas profits for the first half of 2010 to £585 million.

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ConsumerWatch

Tuesday, October 12, 2010

Notebooks overtake Desktops / ConsumerWatch / Technology

By: Pravda

There is a new trend in computer Sales. Whereas in 2004, Sales of notebooks (laptops) represented around ten per cent of the sales of desktops, in 2011, they are expected to sell ten times more. The reason? Consumer trends and changes in behaviour, alongside more attractive prices.

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ConsumerWatch

Tuesday, September 28, 2010

OFT Warns 92% of Debt Management Firms Breaking Credit Law / ConsumerWatch / Debt & Loans

By: Submissions

Best Financial Markets Analysis ArticleThe OFT has told 129 debt management firms that they face losing their consumer credit licences unless immediate action is taken to comply with its Debt Management Guidance.

The firms are required to provide independently audited evidence within three months that action has been taken to address identified concerns. If evidence is not provided, the OFT will instigate licensing action.

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ConsumerWatch

Sunday, August 22, 2010

Secure Websites Are All a Lie / ConsumerWatch / Technology

By: Shelby_H_Moore

There is no such thing as a secure website, and everything you've been led to believe about web security is a lie. And your free speech is threatened, amongst other serious ramifications. Read full article... Read full article...

 


ConsumerWatch

Saturday, August 21, 2010

Poll Shows 7 in 10 Demand Lending Interest Rate Cap To Cover All Forms of Credit / ConsumerWatch / Credit Cards & Scoring

By: Submissions

A new poll has found overwhelming public support for stricter limits on the cost of consumer credit.

The poll, commissioned by Compass and Trident Reach from YouGov, found that 68% of respondents thought the government should introduce a lending rate cap to cover all forms of consumer credit, including unsecured credit.

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ConsumerWatch

Sunday, August 15, 2010

Pay Day Loan Shark Outfits Hook £1.2 Billion to the Financially Illiterate / ConsumerWatch / Debt & Loans

By: Nadeem_Walayat

Consumer Focus reports that over a million UK borrowers have been forced to take out more than £1.2 billion from Pay Day loan outfits as high street banks refuse to lend, up more than 40% on the preceding year. Pay Day loans typically charge customers APR's of over 2,000% and are targeting those desperate for short-term credit which usually means the financially illiterate.

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